10:29 | 29/10/2015 Economy
A cooperation agreement to build a bicycle production cluster in the southern province of Binh Duong was signed between representatives from the Active International Vietnam Co., Ltd and the Becamex IDC on October 23.
A corner of the Bau Bang Industrial Park in Binh Duong province (Source: Internet)
Under the document, Active International Vietnam chose the Bau Bang Industrial Park (IP), which was invested by Becamex IDC, to house the cluster.
The project, with an estimated cost of 200-250 million USD, will be built on an area of 80 hectares in the Bau Bang IP.
Once completed and operational, it is expected to attract 45-60 businesses and generate jobs for 10,000 labourers. The Active International Vietnam is a subsidiary of Taiwan (China)’s DDK Corporation, which is one of the world’s leading bike and plastic spare-part manufacturers.-VNA
The firm has operated in the Song Than 2 IP in Binh Duong’s Di An town since 2000. Its factory in the Dai Dang IP in Thu Dau Mot City is scheduled to go into operation this month./.